Home News Arts Market was estimated to be around $437 billion as of 2016

Arts Market was estimated to be around $437 billion as of 2016


Global Arts Market: Size, Trends & Forecasts (2017-2021) provides an in-depth analysis of the US appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure, etc. The report also gives an insight of the Canada addressable appraisal market opportunity.

On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

This report provides a detailed analysis of the Arts market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

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Essential points covered in Global Arts Market 2017 Research are:-

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global Arts market?
  • What are the key market trends impacting the growth of the global Arts market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Arts market?
  • What are the market opportunities and threats faced by the vendors in the global Arts market?
  • What are the key outcomes of the five forces analysis of the global Arts market?

This independent 35 pages report guarantees you will remain better informed than your competition. With over 175 tables and figures examining the Arts market, the report gives you a visual, one-stop breakdown of the leading products, sub market and market leader’s market revenue forecasts as well as analysis to 2021.

Furthermore, the report provides a detailed analysis of the global Arts market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the global Arts market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

The arts industry includes establishments that operate facilities or provide services for cultural, entertainment and recreational interests such as producing live performances or events, and preserving and exhibiting objects of historical interests of patrons.
This industry is further classified as follows � i) Museums, Historical Sites, Zoos, And Parks; ii) Independent Artists, Writers, And Performers; iii) Sports And Arts Promoters and iv) Performing Arts Companies

The global arts market was estimated to be around $437 billion as of 2016. The global arts made up around 36% of the overall recreation market in 2016. The arts market was the second largest market in the global recreation market in 2016.

The Rise of Independent Formats

Independent formats are offering new platforms for new talent to promote their music. Since music recording companies are often averse to taking risks with new talent, artists are making use of social media and music streaming platforms and are taking charge of their own personal marketing and distribution. Social media platforms have created a new means of connectivity and marketing opportunity for the artists. For instance, iTunes, Spotify, Pandora, and YouTube are some platforms widely being used by music artists to promote their work. Products Mentioned in the report.
Independent Artists And Performing Art Companies, Sports And Arts Promoters, Museums, Historical Sites, Zoos, And Parks Companies Mentioned in the report.
Smithsonian Institution, The Paris Opera Ballet, The Metropolitan Opera Association, WWE, The State Hermitage Museum, Cirque du Soleil, Lyric Opera of Chicago, San Francisco Symphony, The Acropolis Museum, The Australian Ballet

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The Arts market is expected to increase due to growth in GDP per-capita, international tourism, etc. Yet, the market faces some challenges such as, global economic downturn, high probability of terror attack, etc. The global Arts market is expected to grow at a healthy rate during the forecast period (2017-2021). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.

However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the global Arts market.

The report provides a basic overview of the Arts industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Arts industry development trends and marketing channels are analyzed.

The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Arts on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Arts Market and assist manufacturers and investment organization to better grasp the development course of Arts Market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.